The typical U.S. corporate pension plan's funding status declined by 1.1 percentage points to 91 percent in April as liabilities increased faster than assets. This is the second consecutive month of decreased funding status in corporate plans, according to data from BNY Mellon's Investment Strategy & Solutions Group.
Liabilities increased 2.1 percent while assets only increased at 0.9 percent. According to BNY Mellon, corporate pension plans funding status is down 4.2 percent year-to-date.
Public defined benefit pension plans met their target returns in April, while endowments and foundations posted negative returns.
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